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Business, 19.02.2020 20:03 iana00000

Kyle and Elena Smith contributed to the support of their two children, Alexandra and Matthew, and Elena’s divorced father, Nick. For 2017, Alexandra, a 22-year-old full-time college student, earned $17,000 from a part-time job. Matthew, a 27-year-old full-time graduate student, earned $2,300 from his job as a teaching assistant. Nick received $12,000 in capital gains municipal bond interest income and $7,000 in nontaxable social security benefits. Alexandra, Matthew, and Nick are U. S. citizens and were over one-half supported by Kyle and Elena. How many exemptions can Kyle and Elena claim on their 2017 joint income tax return?

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Kyle and Elena Smith contributed to the support of their two children, Alexandra and Matthew, and El...
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